Solstice Advanced Mat (NASDAQ:SOLS) Hits New 52-Week High – What’s Next?

Solstice Advanced Mat (NASDAQ:SOLS)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $64.39 and last traded at $62.32, with a volume of 614146 shares trading hands. The stock had previously closed at $62.36.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Weiss Ratings started coverage on shares of Solstice Advanced Mat in a research note on Thursday, January 15th. They issued a “sell (d+)” rating for the company. Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Wednesday, January 7th. UBS Group set a $75.00 price objective on shares of Solstice Advanced Mat in a research note on Thursday. Wall Street Zen lowered Solstice Advanced Mat from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Finally, Royal Bank Of Canada raised shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $59.40.

Solstice Advanced Mat Stock Performance

The company has a 50-day moving average price of $52.00. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.03.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SOLS. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $26,000. Hoey Investments Inc. bought a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Solstice Advanced Mat in the fourth quarter worth approximately $27,000. JNBA Financial Advisors bought a new position in Solstice Advanced Mat in the 4th quarter valued at about $29,000. Finally, Financial Perspectives Inc bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $35,000.

Solstice Advanced Mat Company Profile

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.